FrontView REIT Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Property Revenue	68.26	66.53	59.66	48.27	39.86	33.9
Service and Other Revenue	0.05	0.24	0.26	-	-	-
Revenue	69.06	67.12	59.92	48.27	39.86	33.9
Revenue Growth (YoY)	14.03%	12.01%	24.14%	21.08%	17.58%	-
Property Expenses	9.7	9.74	12.6	11.58	9.05	6.84
Total Property Expenses	9.7	9.74	12.6	11.58	9.05	6.84
Gross Profit	59.36	57.37	47.32	36.69	30.81	27.07
Selling, General & Admin	13.76	12.94	4.91	8.05	1.18	1.2
Depreciation & Amortization Expenses	32.97	33.11	29.05	24.73	21.8	19.31
Other Operating Expenses	10.84	10.46	4.48	0.41	-	-
Operating Income	1.8	0.88	8.88	3.49	7.82	6.56
Net Gains on Disposal of Properties	12.42	11.93	0.34	0.73	-0.2	-
Interest Income	0.56	0.35	-	13.03	0.11	0.13
Interest Expense	-17.73	-18.02	-23.35	-18.38	-12.46	-
Other Non-Operating Income (Expense)	-	-	-16.5	-	-	-
Total Non-Operating Income (Expense)	-4.75	-5.74	-39.51	-4.63	-12.56	0.13
Pretax Income	-2.95	-4.86	-30.63	-1.13	-4.73	6.69
Provision for Income Taxes	0.32	0.35	0.58	0.32	0.43	-
Net Income	-1.75	-3.83	-22.21	-1.1	-4.47	6.69
Minority Interest in Earnings	-2.32	-1.73	-1.83	-	-	-
Net Income Attributable to Preferred Dividends	0.24	-	-7.17	-0.42	-0.91	-
Net Income to Common	-1.75	-3.83	-22.21	-1.1	-4.47	6.69
Shares Outstanding (Basic)	21	20	16	0	-	-
Shares Outstanding (Diluted)	26	28	28	0	-	-
Shares Change (YoY)	141.83%	0.95%	27577900.00%	-	-	-
EPS (Basic)	-0.16	-0.22	-0.19	-11000.00	-	-
EPS (Diluted)	-0.12	-0.22	-0.19	-11000.00	-	-
Shares Outstanding	22.46	22.11	17.29	0	-	-
Free Cash Flow	-	-85.24	-86.18	0	-62.11	-132.94
Free Cash Flow Per Share	-	-3.06	-3.12	-	-	-
Dividends Per Share	0.860	0.860	0.215	-	-	-
Dividend Growth	-	300.00%	-	-	-	-
Gross Margin	85.96%	85.49%	78.98%	76.01%	77.29%	79.84%
Operating Margin	2.61%	1.31%	14.82%	7.24%	19.63%	19.35%
Profit Margin	-5.54%	-8.29%	-52.09%	-3.16%	-13.50%	19.75%
FCF Margin	-	-127.00%	-143.82%	0.00%	-155.82%	-392.11%
EBITDA	1.8	38.96	44.1	3.49	32.47	24.93
EBITDA Margin	2.61%	58.06%	73.60%	7.24%	81.45%	73.52%
EBIT	1.8	0.88	8.88	3.49	7.82	6.56
EBIT Margin	2.61%	1.31%	14.82%	7.24%	19.63%	19.35%
Effective Tax Rate	-10.78%	-7.20%	-1.89%	-27.92%	-9.09%	0.00%

Updated May 7, 2026. Data Source: Fiscal.ai. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q